A lot of Nigerians crossed over to 2016 with great expectations, most especially as a new government just took over leadership. At the beginning, things were a bit rosy until the sudden wind of change blew across the country, leaving behind devastating effects. Ratee of dollar against naira jerked up, prices of commodities skyrocketed, price of fuel pump skyrocketed too. Nigerians have not yet come to terms with the resultant effect, companies relocated outside the country, mass sack across different sectors. Day in day out prices of communities have witnessed almost a 100 percent increment and became unaffordable for the masses.
ENCOMIUM Weekly presents prices of commodities as sold in major markets today.
Commodity Now (N) Before (N)
Toothpaste 250 200
Tomato paste (sachet) 70 50
Bathing soap (Saveguard) 250 180
Dish washing soap (Mama lemon big) 450 350
Morning Fresh (Big) 400 350
Sugar (Dangote small) 130 70
Sugar (Golden Penny Medium) 200 150
Blue Band (Medium) 300 250
Blue Band (Big) 900 400
Bourvita (Refill 500g) 850 700
Milo (Refill 500g) 700 520
Dano Milk (Refill 500g) 800 520
Peak Milk (Refill 500g) 800 800
Holland Peak Milk (Liquid, one dozen) 2,200 1,700
Nigeria Peak Milk (Liquid, one dozen) 1,700 1,500
Golden Morn (500g) 650 450
Corn flakes (500g) 500 350
Spaghetti (1 pack) 200 150
Noodles (Indomie) 2,200 1,800
Noodle (Golden Penny) 1,800 1,400
Vegetable oil (one bottle) 500 200
Insecticide (Raid) 500 350
Sardine 250 120
Shoe polish (Medium) 250 150
Handkerchief 70 50